‘Like pulling teeth’: 50-minute auction ends with $1,725,000 purchase

A first homebuyer purchased a renovated townhouse in Fairlight for $1,725,000 after a 50-minute auction on Saturday. The bidding began at $1.5 million and saw three active bidders, before the final offer matched the vendor’s reserve. The sale reflects ongoing buyer interest, particularly under the $3 million price point.

Summary by OZbrief · SMH